Wipro

Revenue up 5.5% yoy to Rs 23555.8 crore in Q3FY2026

On consolidated basis

Quarter ended December 2025 compared with Quarter ended September 2025.

Net sales (including other operating income) of Wipro has increased 3.78% to Rs 23555.8 crore.  

Operating profit margin has declined from 19.26% to 18.24%, leading to 1.74% decline in operating profit to Rs 4,296.40 crore.  Purchase of finished goods cost rose from 0.46% to 1.05%.   Employee cost increased from 59.95% to 60.28%.   Other expenses rose from 20.34% to 20.43%.   Selling and administration expenses fell from 3.50% to 3.18%.   Software technology development services cost rose from 11.67% to 11.74%.   Provisions writeoffs cost fell from 0.66% to 0.41%.   Other provisions fell from 0.66% to 0.41%.   

Other income rose 6.08% to Rs 1005.3 crore.  PBIDT fell 0.35% to Rs 5301.7 crore.  Provision for interest rose 1.22% to Rs 365.6 crore.  

PBDT fell 0.46% to Rs 4936.1 crore.  Provision for depreciation rose 16.38% to Rs 805 crore.  

Profit before tax down 3.19% to Rs 4,131.10 crore.  Share of profit/loss was 81.58% lower at Rs 2.8 crore.  Provision for tax was expense of Rs 988.9 crore, compared to Rs 1020 crore.  Effective tax rate was 23.92% compared to 23.82%.

Minority interest increased 60.49% to Rs 26.00 crore.  Net profit attributable to owners of the company decreased 3.92% to Rs 3,119.00 crore.  

Promoters? stake was 72.63% as of 31 December 2025 ,compared to 72.65% as of 30 September 2025 .  

 

Quarter ended December 2025 compared with Quarter ended December 2024.

Net sales (including other operating income) of Wipro has increased 5.54% to Rs 23555.8 crore.  Sales of IT Services segment has gone up 4.90% to Rs 23,378.10 crore (accounting for 98.91% of total sales).  Sales of IT Products segment has gone up 243.37% to Rs 256.50 crore (accounting for 1.09% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 0.30% to Rs 4,141.30 crore.  PBIT of IT Services segment fell 0.78% to Rs 4,118.60 crore (accounting for 99.45% of total PBIT).  PBIT of IT Products segment rose 682.76% to Rs 22.70 crore (accounting for 0.55% of total PBIT).  

PBIT margin of IT Services segment fell from 18.63% to 17.62%.  PBIT margin of IT Products segment rose from 3.88% to 8.85%.  Overall PBIT margin fell from 18.58% to 17.52%.  

Operating profit margin has declined from 20.34% to 18.24%, leading to 5.36% decline in operating profit to Rs 4,296.40 crore.  Purchase of finished goods cost rose from 0.21% to 1.05%.   Employee cost increased from 59.69% to 60.28%.   Other expenses rose from 19.73% to 20.43%.   Selling and administration expenses fell from 3.55% to 3.18%.   Software technology development services cost rose from 11.62% to 11.74%.   Provisions writeoffs cost rose from 0.27% to 0.41%.   Other provisions rose from 0.27% to 0.41%.   

Other income rose 0.12% to Rs 1005.3 crore.  PBIDT fell 4.37% to Rs 5301.7 crore.  Provision for interest fell 11.82% to Rs 365.6 crore.  

PBDT fell 3.77% to Rs 4936.1 crore.  Provision for depreciation rose 18.99% to Rs 805 crore.  

Profit before tax down 7.22% to Rs 4,131.10 crore.  Share of profit/loss was 460% higher at Rs 2.8 crore.  Provision for tax was expense of Rs 988.9 crore, compared to Rs 1086.6 crore.  Effective tax rate was 23.92% compared to 24.40%.

Minority interest increased 101.55% to Rs 26.00 crore.  Net profit attributable to owners of the company decreased 7% to Rs 3,119.00 crore.  

Promoters? stake was 72.63% as of 31 December 2025 ,compared to 72.75% as of 31 December 2024 .  

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Wipro has increased 2.71% to Rs 68387.7 crore.  Sales of IT Services segment has gone up 2.59% to Rs 68,098.60 crore (accounting for 99.36% of total sales).  Sales of IT Products segment has gone up 135.18% to Rs 441.90 crore (accounting for 0.64% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 0.51% to Rs 11,747.70 crore.  PBIT of IT Services segment fell 0.97% to Rs 11,712.90 crore (accounting for 99.70% of total PBIT).  PBIT of IT Products reported profit of Rs 34.80 crore compared to loss of Rs 20.10 crore.  

PBIT margin of IT Services segment fell from 17.82% to 17.20%.  PBIT margin of IT Products segment rose from negative 10.70% to 7.88%.  Overall PBIT margin fell from 17.74% to 17.14%.  

Operating profit margin has declined from 20.12% to 18.87%, leading to 3.70% decline in operating profit to Rs 12,901.90 crore.  Purchase of finished goods cost rose from 0.32% to 0.60%.   Employee cost increased from 60.09% to 60.30%.   Other expenses rose from 19.46% to 20.24%.   Selling and administration expenses fell from 3.71% to 3.33%.   Software technology development services cost rose from 11.30% to 11.66%.   Provisions writeoffs cost rose from 0.01% to 0.44%.   Other provisions rose from 0.01% to 0.44%.   

Other income rose 12.01% to Rs 3019.5 crore.  PBIDT fell 1.07% to Rs 15921.4 crore.  Provision for interest fell 1.15% to Rs 1087.6 crore.  

PBDT fell 1.06% to Rs 14833.8 crore.  Provision for depreciation fell 2.41% to Rs 2182.2 crore.  

Profit before tax down 0.82% to Rs 12,651.60 crore.  Provision for tax was expense of Rs 2930.7 crore, compared to Rs 3122.8 crore.  Effective tax rate was 23.12% compared to 24.49%.

Minority interest decreased 24.65% to Rs 48.30 crore.  Net profit attributable to owners of the company increased 1.36% to Rs 9,695.60 crore.  

Promoters? stake was 72.63% as of 31 December 2025 ,compared to 72.75% as of 31 December 2024 .  

Full year results analysis.

Net sales (including other operating income) of Wipro has declined 0.75% to Rs 89088.4 crore.  Sales of IT Services segment has gone down 0.63% to Rs 88,822.40 crore (accounting for 99.70% of total sales).  Sales of IT Products segment has gone down 34.77% to Rs 269.20 crore (accounting for 0.30% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 1.53% to Rs 16,162.30 crore.  PBIT of IT Services segment fell 1.64% to Rs 16,179.60 crore (accounting for 100.11% of total PBIT).  PBIT of IT Products segment rose 53.37% to Rs -17.30 crore (accounting for -0.11% of total PBIT).  

PBIT margin of IT Services segment fell from 18.40% to 18.22%.  PBIT margin of IT Products segment rose from negative 8.99% to negative 6.43%.  Overall PBIT margin fell from 18.28% to 18.14%.  

Operating profit margin has jumped from 18.69% to 20.23%, leading to 7.42% rise in operating profit to Rs 18,021.20 crore.  Purchase of finished goods cost fell from 0.43% to 0.33%.   Employee cost decreased from 61.22% to 59.89%.   Other expenses fell from 19.66% to 19.54%.   Selling and administration expenses fell from 3.69% to 3.68%.   Software technology development services cost fell from 11.48% to 11.24%.   

Other income rose 47.64% to Rs 3884 crore.  PBIDT rose 12.88% to Rs 21905.2 crore.  Provision for interest rose 17.67% to Rs 1477 crore.  Loan funds rose to Rs 19,203.50 crore as of 31 March 2025 from Rs 16,464.90 crore as of 31 March 2024.  Inventories declined from Rs 90.70 crore as of 31 March 2024 to Rs 69.40 crore as of 31 March 2025.  Sundry debtors were higher at Rs 11,774.50 crore as of 31 March 2025 compared to Rs 11,547.70 crore as of 31 March 2024.  Cash and bank balance rose to Rs 12,197.40 crore as of 31 March 2025 from Rs 9,695.30 crore as of 31 March 2024.  Investments rose to Rs 43,925.90 crore as of 31 March 2025 from Rs 33,384.40 crore as of 31 March 2024 .  

PBDT rose 12.54% to Rs 20428.2 crore.  Provision for depreciation fell 13.18% to Rs 2957.9 crore.  Fixed assets increased to Rs 13,348.50 crore as of 31 March 2025 from Rs 13,206.50 crore as of 31 March 2024.  Intangible assets increased from Rs 31,144.90 crore to Rs 32,034.60 crore.  

Profit before tax grew 18.49% to Rs 17,470.30 crore.  Provision for tax was expense of Rs 4277.7 crore, compared to Rs 3608.9 crore.  Effective tax rate was 24.45% compared to 24.52%.

Minority interest increased 23.47% to Rs 82.60 crore.  Net profit attributable to owners of the company increased 18.92% to Rs 13,135.40 crore.  

Equity capital increased from Rs 1,045.00 crore as of 31 March 2024 to Rs 2,094.40 crore as of 31 March 2025.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 72.73% as of 31 March 2025 ,compared to 72.89% as of 31 March 2024 .  

Cash flow from operating activities decreased to Rs 16,942.60 crore for year ended March 2025 from Rs 17,621.60 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 1,473.70 crore, compared to Rs 1,051.00 crore during the year ended March 2024.

Guidance: 

Revenue from IT Services business segment to be in the range of $2635 million to $2,688 million in Q4FY2026. This translates to sequential IT services revenue growth of 0% to 2.0% in constant currency.

Dividend: Board has declared an interim dividend of Rs 6 per share.

Management Commentary:

Srini Pallia, CEO and Managing Director, said ?In Q3, we delivered broad-based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations.?

Aparna Iyer, Chief Financial Officer, said ?Our IT services operating margins at 17.6% expanded both sequentially and on a year-on-year basis. This is our best margin performance in last few years. Our continued focus on execution rigour also reflects in our strong operating cash flow of 135% of net income in Q3. We are also pleased to share that the Board has declared an interim dividend of ?6 per share which will take the total payout for the year to $1.3 Bn.?

Wipro : Consolidated Results

Quarter ended Year to Date Year ended Particulars 202512 202412 Var.(%) 202512 202412 Var.(%) 202503 202403 Var.(%) Net Sales (including other operating income) 23,555.80 22,318.80 5.54 68,387.70 66,584.20 2.71 89,088.40 89,760.30 -0.75 OPM (%) 18.24 20.34 -210 bps 18.87 20.12 -125 bps 20.23 18.69 154 bps OP 4,296.40 4,539.80 -5.36 12,901.90 13,397.20 -3.70 18,021.20 16,775.80 7.42 Other Inc. 1,005.30 1,004.10 0.12 3,019.50 2,695.70 12.01 3,884.00 2,630.80 47.64 PBIDT 5,301.70 5,543.90 -4.37 15,921.40 16,092.90 -1.07 21,905.20 19,406.60 12.88 Interest 365.60 414.60 -11.82 1,087.60 1,100.30 -1.15 1,477.00 1,255.20 17.67 PBDT 4,936.10 5,129.30 -3.77 14,833.80 14,992.60 -1.06 20,428.20 18,151.40 12.54 Depreciation 805 676.5 18.99 2182.2 2236.2 -2.41 2957.9 3407.1 -13.18 PBT 4,131.10 4,452.80 -7.22 12651.6 12756.4 -0.82 17470.3 14744.3 18.49 Share of Profit/(Loss) from Associates 2.8 0.5 460.00 23 -3.7 LP 25.4 -23.3 LP PBT before EO 4133.9 4453.3 -7.17 12674.6 12752.7 -0.61 17495.7 14721 18.85 EO Income 0 0 - 0 0 - 0 0 - PBT after EO 4133.9 4453.3 -7.17 12674.6 12752.7 -0.61 17495.7 14721 18.85 Taxation 988.9 1086.6 -8.99 2930.7 3122.8 -6.15 4277.7 3608.9 18.53 PAT 3145 3366.7 -6.59 9743.9 9629.9 1.18 13218 11112.1 18.95 Minority Interest (MI) 26 12.9 101.55 48.3 64.1 -24.65 82.6 66.9 23.47 Net profit 3119 3353.8 -7.00 9695.6 9565.8 1.36 13135.4 11045.2 18.92 P/(L) from discontinued operations net of tax 0 0 - 0 0 - 0 0 - Net profit after discontinued operations 3119 3353.8 -7.00 9695.6 9565.8 1.36 13135.4 11045.2 18.92 EPS (Rs)* 2.97 3.20 -7.00 9.25 9.12 1.36 12.53 10.53 18.92 * EPS is on current equity of Rs 2,097.44 crore, Face value of Rs 2, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Wipro : Consolidated Segment Results

td>-   Quarter ended Year to Date Year ended % of (Total) 202512 202412 Var.(%) % of (Total) 202512 202412 Var.(%) % of (Total) 202503 202403 Var.(%) Sales Global IT Services & Products 0.00 0.00 0.00 - India & Asia Pac IT Serv. & Product 0.00 0.00 0.00 - Consumer Care & Lighting 0.00 0.00 0.00 - Others 0.00 0.00 0.00 - IT Services 98.91 23,378.10 22,285.10 4.90 99.36 68,098.60 66,377.10 2.59 99.70 88,822.40 89,381.60 -0.63 IT Products 1.09 256.50 74.70 243.37 0.64 441.90 187.90 135.18 0.30 269.20 412.70 -34.77 IT Services & Products 0.00 0.00 0.00 - India State Run Enterprise 0.00 0.00 0.00 - Total Reported Sales 100.00 23,634.60 22,359.80 5.70 100.00 68,540.50 66,565.00 2.97 100.00 89,091.60 89,794.30 -0.78 Less: Inter segment revenues   0.00 0.00 -   0.00 0.00   0.00 0.00 - Net Sales 100.00 23,634.60 22,359.80 5.70 100.00 68,540.50 66,565.00 2.97 100.00 89,091.60 89,794.30 -0.78 PBIT Global IT Services & Products 0.00 0.00 0.00 - India & Asia Pac IT Serv. & Product 0.00 0.00 0.00 - Consumer Care & Lighting 0.00 0.00 0.00 - Others 0.00 0.00 0.00 - IT Services 99.45 4,118.60 4,150.80 -0.78 99.70 11,712.90 11,827.60 -0.97 100.11 16,179.60 16,450.00 -1.64 IT Products 0.55 22.70 2.90 682.76 0.30 34.80 -20.10 LP -0.11 -17.30 -37.10 53.37 IT Services & Products 0.00 0.00 0.00 - India State Run Enterprise 0.00 0.00 0.00 - Total PBIT 100.00 4,141.30 4,153.70 -0.30 100.00 11,747.70 11,807.50 -0.51 100.00 16,162.30 16,412.90 -1.53 Less : Interest 365.60 414.60 -11.82 1,087.60 1,100.30 -1.15 1,477.00 1,255.20 17.67 Add: Other un-allcoable 358.20 714.20 -49.85 2,014.50 2,045.50 -1.52 2,810.40 -436.70 LP PBIT Margin(%) Global IT Services & Products   0.00 0.00 0.00 India & Asia Pac IT Serv. & Product   0.00 0.00 0.00 Consumer Care & Lighting   0.00 0.00 0.00 Others   0.00 0.00 0.00 IT Services   17.62 18.63 -100.86   17.20 17.82 -61.89   18.22 18.40 -18.86 IT Products   8.85 3.88 496.77   7.88 -10.70 1,857.23   -6.43 -8.99 256.31 IT Services & Products   0.00 0.00 0.00 India State Run Enterprise   0.00 0.00 0.00 PBT 100.00 4,133.90 4,453.30 -7.17 100.00 12,674.60 12,752.70 -0.61 100.00 17,495.70 14,721.00 18.85

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